Earlier this year, Spanish bank BBVA shut down its in-house venture arm, BBVA Ventures, and placed the portfolio, the cash remaining from the original $100 million allocation, and an additional $150 million into a new venture called Propel Venture Partners, in which BBVA is a limited partner. Jay Reinemann, Tom Whiteaker, and Ryan Gilbert are Propel’s managing partners. Jay and Tom were managers of BBVA Ventures. Ryan is a long-time financial services entrepreneur and investor, well-known in the FinTech community. Based …